Category: Business News

Minority-owned businesses face an unequal recovery; an underfunded federal agency could change that

The United States is seeing a disturbingly inequitable economic recovery. One survey found that more than a quarter (27 percent) of minority-owned small businesses remained closed, compared to 18 percent of other small businesses. Meanwhile, the unemployment rate for Black Americans increased to 8.8 percent in August, nearly double the 4.5 percent unemployment rate for white Americans.

These outcomes are rooted in long-standing disparities, like unequal access to capital and collateral. White-owned startups are still seven times more likely to obtain loans than Black-owned startups during their founding year. Throughout the pandemic, businesses owned by people of color did not receive equitable access to federal aid through the Paycheck Protection Program (PPP), despite being hit harder economically.

The Minority Business Development Agency (MBDA) could provide a lifeline for these small businesses and help build a more equitable economy. To do so, it needs an expanded budget and permanent federal funding.

Read the rest

Facebook to buy $100 million of invoices from diverse-owned businesses

Facebook CEO Mark Zuckerberg

Chesnot | Getty Images News | Getty Images

Facebook this week announced a $100 million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices.

By buying up outstanding invoices, the Facebook Invoice Fast Track program puts money in the hands of small businesses that would have otherwise had to wait weeks if not months to get paid by their customers. 

The program is the latest effort by Facebook to build its relationships and long-term loyalty among small businesses, many of whom rely on the social network to place ads targeted to niche demographics who may be interested in their services. 

Businesses can submit outstanding invoices of a minimum of $1,000, and if accepted, Facebook will buy the invoice from the small business and pay them within a matter of days. The customers then pay Facebook the

Read the rest

Dynamics GP Sales Order Processing And Ecommerce

It was there, during the PlayStation 3 and Xbox 360 era, that he became fascinated by the real-time, HD graphical capabilities of mass-market home consoles.

technical product manager jobs remote

The increasing globalization of business has created a demand for MBA graduates with a specialization in the international management of business. The first thing you will need to do is purchase a list management program or service, such as Aweber or Constant Contact. The biggest reasons are: 1) the programs are centrally managed and off-site (broken hard drive + no back up = no list), 2) these programs can handle subscribes and unsubscribes with ease, and 3) once setup, the process is automated. religion store Strategic business analysts often hold a bachelor’s degree in business, computer science, information management, or a related field, along with several years’ related experience. A master’s degree in business administration can increase career opportunities. Strategic … Read the rest

Business: Recruiting and retention in a tight labor market | News

Oregon’s economy is continuing to recover and change rapidly.

At 16 months past the initial pandemic recession downturn, Oregon regained nearly two out of three jobs lost in spring 2020. In the first six months of 2021, Oregon employers added about the same number of jobs as in the 22 months leading up to the pandemic.

In tight labor markets, employers tend to layer help wanted signs with other efforts such as referral incentives, signing bonuses, posting with online job boards, and working with recruiters outside of their immediate geographical area.

For reference- at 16 months into the Great Recession, there had been no recovery at all. The job losses were still mounting. The speed and shape of this economic recovery looks different and has been happening much faster than what we’ve seen in the past.

Nonfarm Employment

While many businesses have done a

Read the rest

Preserving Business Reputation With Supply Shortages

When a company’s reputation depends on reliable delivery, and delayed deliveries and product shortages prevent reliable delivery, then the business needs to slow down sales. A business hardly ever tries to slowdown sales, but reputation is a long game, based on performance rather than marketing.

A remodeling contractor my family has used is advising prospective customers to wait a year if at all possible. We chose him for a project ten years ago because his past clients reported that he finished on schedule and on budget. Having heard so many horror stories about remodels gone bad, we hired him. And he delivered that project, then another small project, and then our final project early in 2021.

But construction projects are being delayed left and right, with evidence from the remodeling association leaders and industry newsletters. Some of the delays derive from materials shortages, including plumbing products, appliances

Read the rest

Portsmouth NH chamber awards honor business leaders

PORTSMOUTH — Back in person after going online last year, the Chamber Collaborative of Greater Portsmouth’s annual business awards were held outdoors at the landmark salt piles at Granite State Minerals Thursday night as the sun set.

More noticeable next to the raucous celebration tent at 227 Market Street, however, was the high pile of salt, resting beside the city’s premier business bash.

The Chamber Collaborative hosted a business awards bash and benefit,!, outside at Granite State Minerals on Thursday, Aug. 26, 2021 in Portsmouth.

Ask Ben VanCamp, president of the chamber, about the salt, and he’ll tell you it was three truckloads worth. The theme of this year’s al fresco Chamber awards, complete with catered delicacies and the jazz stylings of Kittery-based band Bucket List, was an homage to the city’s postcard-worthy working port.

“I happen to love the working port aspects of our community,” he said. “I think it’s nice to know we still have those deep roots in the working ports.”

Dubbed “!,” the Chamber awards featured

Read the rest

Tech Entrepreneur Tre Zimmerman’s Top Picks For Business Dinners In South Florida

With over 22 years of experience in the technology industry and over 14 U.S. patents to his name, Tre Zimmerman specializes in wireless communication product innovation, mobile media and emerging technologies focused on connecting devices to networks, content delivery and embedded media applications. 

His range of expertise include everything from small cell development, iot, m2m and wireless communications networks to product innovation, network architecture, iptv, video communications, set top box platforms, mergers and acquisitions, branding and more.

Zimmerman is a leader and philanthropist who is proactively addressing social injustice concerns with his latest venture project glasslab. This is a newly founded peer-to-peer lending community and digital banking platform targeting underserved and immigrant individuals through the liquidity of their token. This latest venture is a type of financing platform that connects people or entities willing to loan money with people or businesses that want to borrow

Read the rest

Business Beat: Longview Halloween store set to open | Business Beat

Spirit Halloween will return to Longview beginning Sept. 9, according to the company’s website.

The store this year will be at 1207 E. Marshall Ave., in the Alpine Village shopping center. A Mount Pleasant location is planned to open Aug. 28 at 2306 S. Jefferson Ave., and in Marshall on Sept. 4 at 1300 E. Pinecrest Drive.

Two Tyler locations already are open at 4516 Broadway Ave. and 8942 S Broadway Ave. Hours are 11 a.m.-7 p.m. Thursday and Friday; 10 a.m. — 8 p.m. Saturday; noon-6 p.m. Sunday; and 11 a.m.-8 p.m. Monday-Wednesday.

Creature Comforts to grow

Creature Comforts Pet Resort in Longview expects to more than double its space with a new facility it plans to build near its current home.

Tonya Read began a pet sitting business in Longview about 20 years ago. She and her husband, Bret, opened Creature Comforts about eight years ago at 1600

Read the rest

Arizona approves five more entities for new legal business structure

  • State high court approved regulatory changes one year ago
  • LegalZoom has applied for a license

The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page.

(Reuters) – The Arizona Supreme Court has licensed a new batch of entities to operate as alternative business structures, after the state loosened rules last year around law firm ownership.

The court this week approved applications submitted by KWP Estate Planning LLC, eLegacy Law PLLC, Legal Help Partners LLC, Radix Professional Services LLC and Singular Law Group PLLC, according to administrative orders posted on the court’s website on Wednesday.

The Arizona high court in August 2020 became the first state in the

Read the rest

Some business ventures begin during retirement | Business

Question: Now that I’m retired, I would like to start the business I didn’t have time to launch while working. Is that possible?

Answer: Retirement provides difference opportunities for different retirees. For some, it’s a time of leisure, but for others it is a chance to pursue long deferred dreams. If your dream is to start a business there are several support programs specifically designed to help senior citizens.

Adults, age 50 and older, have been starting new businesses at a growing rate over the last 20 years. Many of these new entrepreneurs utilize skills developed during their working careers and now enjoy working for themselves.

“In 1996, the 55-64 age group represented 14% of all new enterprises,” said Susan Weinstock, vice president of financial resilience programming at AARP. That increased to 25.8% by 2018, according to a study by the Ewing Marion Kauffman Foundation.

“People are living longer, healthier

Read the rest